Patrick Sholl

Eric Wold

Drew Crum

Michael Hickey

Christopher Potter

- **Marcus Corporation** reported **Q3 fiscal 2025 revenue of approximately $210.2 million**, a **9.7% decline** year-over-year, primarily due to weaker performance in its Theatre division.  **[62234_1653b7c140f34720bb9fa78fc3c32f41]** 
- Despite the overall decline, the **Hotels and Resorts division** experienced a **modest revenue increase**, driven by growth in food and beverage sales and higher occupancy rates.  **[62234_1653b7c140f34720bb9fa78fc3c32f41]** 
- Operating income and net earnings fell by around **30%**, though a **$4.5 million insurance settlement** partially offset these impacts.  **[62234_1653b7c140f34720bb9fa78fc3c32f41]** 
- The company repurchased **$9 million worth of shares** during the quarter and received board approval to buy back up to **4 million more shares**.  **[62234_1653b7c140f34720bb9fa78fc3c32f41]** 
- Analysts remain optimistic, maintaining 'buy' ratings with a median 12-month target price about **45% above the current share price**, anticipating recovery fueled by a stronger upcoming film slate.  **[62234_1653b7c140f34720bb9fa78fc3c32f41]**

Marcus Corporation Reports Q3 Revenue Decline

- Marcus Corporation reported Q3 2025 consolidated revenues of **$210 million**, a **9.7% decrease** year-over-year, with adjusted EBITDA at **$40.4 million** and net earnings of **$0.42 per share** (excluding a non-recurring gain).  **[0000062234_2221671_1]** **[0000062234_2221671_2]** 
- The **Theater division's revenue decreased 16%** to **$119.9 million** due to a less concentrated film slate, while the **Hotels & Resorts division revenue increased 1.7%** to **$80.3 million**, with RevPAR growing **7.5%** when adjusted for the prior year's RNC impact.  **[0000062234_2221671_2]** **[0000062234_2221671_3]** 
- The company repurchased **600,000 shares** for **$9.1 million** in Q3 2025 and increased its share repurchase authorization by **4 million shares**, bringing the total to **4.7 million shares**.  **[0000062234_2221671_4]** **[0000062234_2221671_7]** 
- Marcus Corporation expects capital expenditures to decrease significantly in 2026 to **$50-$55 million** from an estimated **$75-$85 million** in FY2025, anticipating a significant increase in free cash flow.  **[0000062234_2221671_4]** **[0000062234_2221671_11]**  The company ended the quarter with **over $214 million** in total liquidity and a net leverage of **1.7 times**.  **[0000062234_2221671_4]**

Marcus Corporation Reports Q3 2025 Results with Mixed Segment Performance and Increased Share Repurchase Authorization

- Marcus Corporation reported **total revenues of $210.2 million** for the third quarter of fiscal 2025, representing a **9.7% decrease** from $232.7 million in the prior year quarter.  **[62234_0000062234-25-000044_mcs-20251031xex991.htm:0]** 
- **Net earnings per diluted common share decreased to $0.52** in Q3 2025 from $0.73 in Q3 2024, and **Adjusted EBITDA decreased to $40.4 million** from $52.3 million over the same period.  **[62234_0000062234-25-000044_mcs-20251031xex991.htm:0]** 
- The company **repurchased $9 million in shares** during the third quarter of fiscal 2025, and its Board of Directors authorized the repurchase of up to **4.0 million additional shares**, bringing the total available for repurchase to **4.7 million shares**.  **[62234_0000062234-25-000044_mcs-20251031xex991.htm:0]** **[62234_0000062234-25-000044_mcs-20251031.htm:1]** **[62234_0000062234-25-000044_mcs-20251031xex991.htm:4]** 
- Marcus Hotels & Resorts achieved revenue growth, while Marcus Theatres experienced a weaker box office due to the absence of blockbuster and fewer family films.  **[62234_0000062234-25-000044_mcs-20251031xex991.htm:0]**

Marcus Corporation Reports Q3 2025 Results and Share Repurchase Authorization

- Marcus Corporation reported **total revenues of $210.2 million** for the third quarter of fiscal 2025, a **9.7% decrease** from $232.7 million in the third quarter of fiscal 2024.  **[62234_d3e68ed35da64faa9be842c4f658f7b8_0]** 
- **Operating income decreased by 30.7%** to **$22.7 million** for the third quarter of fiscal 2025, compared to $32.8 million in the prior year quarter.  **[62234_d3e68ed35da64faa9be842c4f658f7b8_0]** 
- **Net earnings per diluted common share was $0.52** for the third quarter of fiscal 2025, down from $0.73 in the third quarter of fiscal 2024. Net earnings for Q3 fiscal 2025 were favorably impacted by a **$3.0 million property insurance settlement**.  **[62234_d3e68ed35da64faa9be842c4f658f7b8_0]** 
- **Adjusted EBITDA was $40.4 million** for the third quarter of fiscal 2025, a **22.6% decrease** from $52.3 million in the prior year quarter.  **[62234_d3e68ed35da64faa9be842c4f658f7b8_0]** 
- During the third quarter of fiscal 2025, the company repurchased **0.6 million shares for $9.0 million** and the Board of Directors authorized the repurchase of up to **4.0 million additional shares**.  **[62234_d3e68ed35da64faa9be842c4f658f7b8_0]** **[62234_d3e68ed35da64faa9be842c4f658f7b8_3]**

MARCUS (MCS)